Entrepreneurship – As Innovation & Problem Solving
43– One Mark Questions – Specially Designed for CBSE Class 11 Students
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Q1: The inventor of X- Rays is :
(a) Wilhem Roentgen (c) Sir Alexander Fleming
(b) Percy Spencer (d) George Crum
Ans: (a) Wilhem Roentgen
Q2: Razaq is a native of the beautiful valley of Kashmir. His family owns an apple orchard. During his summer break, he decided to help his family at the orchard. He observed that a lot of time was lost in plucking apples. Being of an innovative mind, he worked on solving the above problem and made a simple plucking device attached with a net land a knife. This saved considerable time and money.
Identify the role played by Razaq.
(a) Innovator (c) Both (a) and (b)
(b) Problem Solver d) None of the above
Ans: (c) Both (a) and (b)
Q3: Dr Verghese Kurien is the founder of______________.
(a) Selco (c) Barefoot College
(b) Amul Diary (d) SEWA
Ans: (b) Amul Diary
Q4: What does GPS stands for?
(a) Global Positioning Systems (c) Global Problem Solver
(b) Giant Positioning Systems (d) Great Problem Solver
Ans: (a) Global Positioning Systems
Q5: Which of the following institute was established by the government with the objective of supplying machinery and equipment to small enterprises as on hire purchase system.
(a) National Small Industries Corporation (c) Entrepreneurship Development Institution of India
(b) Small Industries Service Institution (d) Training and development center
Ans: (a) National Small Industries Corporation
Q6: The inventor of Penicillin is :
(a) Wilhem Roentgen (c) Sir Alexander Fleming
(b) Percy Spencer (d) George Crum
Ans: (c) Sir Alexander Fleming
Q7: Arun is a native of the beautiful valley of Kashmir. His family owns an apple orchard. During his summer break, he decided to help his family at the orchard. He observed that a lot of time was lost in plucking apples. Being of an innovative mind, he worked on solving the above problem and made a simple plucking device attached with a net land a knife. This saved considerable time and money.
Identify the role played by Arun
(a) Innovator (c) Both (a) and (b)
(b) Problem Solver (d) None of the above
Ans: (c) Both (a) and (b)
Q8: Bunker Roy is the founder of______________.
(a) Selco (c) Barefoot College
(b) Amul Diary (d) SEWA
Ans: (c) Barefoot College
Q9: What does IDC stands for?
(a)International data collection (c) International data collector
(b) International data corporation (d) None of the above
Ans: (b) International data corporation
Q10: In which of the following a financial institution buys the accounts receivables of a company and pays up to 80% to 90% of the amount immediately and the balance, after deducting his charges, when the customer pays the debt.
(a) Tax holiday Scheme (c) Small industry cluster development program
(b) Factoring Services (d) National equity fund scheme
Ans: (b) Factoring Services
Q11: What is the full form of KFC?
(a) Kingfisher fried chicken (c) Kentucky fried chicken
(b) Kampire fried chicken (d) Kenya Fried chicken
Ans: (c) Kentucky fried chicken
Q12: The inventor of Potato chips is :
(a) Wilhem Roentgen (c) Sir Alexander Fleming
(b) Percy Spencer (d) George Crum
Ans: (d) George Crum
Q13: : The inventor of the Pacemaker is :
(a) Wilhem Roentgen (c) Sir Alexander Fleming
(b) Percy Spencer (d) John hopps
Ans: (d) John hopps
Q14: The inventor of Microwave ovens is :
(a) Wilhem Roentgen (c) Sir Alexander Fleming
(b) Percy Spencer (d) John hopps
Ans: (b) Percy Spencer
Q15:” Social entrepreneurs is which combines the passions of a social mission with an image of business-like discipline, innovation, and determination”.
Who has quoted the above definition of Entrepreneurship?
(a) Martin & Osberg (c) Mohammad Yunus
(b) J. Gregory Dees (d) Richard Cantillon
Ans: (b) J. Gregory Dees
Q16: “ the Social entrepreneur aims for the value in the form of large scale transformational benefits that accrues either to a significant segment of society or to society at large.”
Who has quoted the above definition of Entrepreneurship?
(a) Martin & Osberg (c) Mohammad Yunus
(b) J. Gregory Dees (d) Richard Cantillon
Ans: (a) Martin & Osberg
Q17: Ajay and Vijay are arguing on the fact that there is no difference between the objective of entrepreneur and social entrepreneur. Ajay is of the view that The final objective of Social entrepreneurs is wealth creation but Vijay is of the view that for social entrepreneurs wealth creation is a means to an end.
Who is correct?
(a) Ajay (C) Both Ajay and Vijay
(b) Vijay (d) None of the two
Ans: (b) Vijay
Q18: While appreciating the efforts of Arun,an upcoming entrepreneur, his Childhood friend Varun told him that I always knew that you have qualities of being a social entrepreneur because you always had your out of the box and ready to apply ideas to new solutions. Which of the following characteristics of social entrepreneurs is discussed in the above case?
(a) Opportunity seeking (c) Accountable
(b) Resourceful (d) Innovative
Ans: (d) Innovative
Q19: A Social entrepreneur has a quality of continuously asking himself that “Am I creating value for the people I am serving? Do I understand their needs?”
Which of the following characteristic of Social entrepreneur is highlighted above?
(a) Opportunity seeking (c) Accountable
(b) Resourceful (d) Innovative
Ans: (c) Accountable
Q20: Verghese Kurian is the founder of______________.
(a) Selco (c) Barefoot College
(b) Amul Diary (d) SEWA
Ans: (b) Amul Diary
Q21: Ela Bhatt is the founder of______________.
(a) Selco (c) Barefoot College
(b) Amul Diary (d) SEWA
Ans: (d) SEWA
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